UPSC Previous Year Question | Prelims GS | 2016

Pradhan Mantri MUDRA Yojana is aimed at

  1. bringing the small entrepreneurs into formal financial system
  2. providing loans to poor farmers for cultivating particular crops
  3. providing pensions to old and destitute persons
  4. funding the voluntary organizations involved in the promotion of skill development and employment generation

Answer

Correct Answer

bringing the small entrepreneurs into formal financial system

Explanation

Pradhan Mantri MUDRA Yojana provides loans to small/micro entrepreneurs, bringing them into the formal financial system.

Topics: financial inclusion, indian economy, msme financing, mudra yojana